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We all need pivots to win..yes or not? 13 replies

The System (Irony included) 1,175 replies

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The System II (Yes with irony)

  • #3,001
  • Jul 27, 2009 8:14am Jul 27, 2009 8:14am
Quoting Maverick3
Do you trade just before NY open or you avoid it for a moment?
I'm trading usually since Sydney/Tokyo open, never avoiding any trades, not even news (regardless any importance of it)
but, I don't like some fake breakouts to trigger my trade, leaving me with the problem, and as a result trying to figure-out, what the f***k I'm gonna do next?
  • #3,002
  • Jul 27, 2009 8:18am Jul 27, 2009 8:18am
i'm still on the short trade, entered the last grey shaded area and have been waiting until now...might go down more or not ;-)
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  • #3,003
  • Jul 27, 2009 8:36am Jul 27, 2009 8:36am
Quoting DareXau
... maybe there are some chances to get 20 pips, I don't know,
but I know for sure, that NY open is fading the move, ... this shit is happening to often.
For that reason I've canceled my pending short and moved long to lower level.
yeah, but why not beeing discretioner at some points and follow intuition. next train will come ....I also remember some very silly NY openings last week...
I will stay put till news (Home Sales) in 20 min....
  • #3,004
  • Jul 27, 2009 8:43am Jul 27, 2009 8:43am
still in but now moved sl in the blue box..
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  • #3,005
  • Jul 27, 2009 8:47am Jul 27, 2009 8:47am
Quoting anthony500
still in but now moved sl in the blue box..
... very good move, your profit is now covered
  • #3,006
  • Jul 27, 2009 8:48am Jul 27, 2009 8:48am
Quoting DareXau
... very good move, your profit is now covered
yes wish it was easy like that every time ! ;-)
  • #3,007
  • Jul 27, 2009 8:49am Jul 27, 2009 8:49am
I am on this short trade aswell... home sales can eat my nutts..lol.. I only sit out on reall majors..
  • #3,008
  • Jul 27, 2009 9:00am Jul 27, 2009 9:00am
Quoting fxachilies
I am on this short trade aswell... home sales can eat my nutts..lol.. I only sit out on reall majors..
seems you dont´t need toooo much sleep. good to hear ya....
  • #3,009
  • Jul 27, 2009 9:15am Jul 27, 2009 9:15am
Quoting fxachilies
I am on this short trade aswell... home sales can eat my nutts..lol.. I only sit out on reall majors..
fxachilies are you still in your short trade?

got out of my previous trade but now short again with sl in the blue box for 1 % of my account...let's see ..
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  • #3,010
  • Jul 27, 2009 9:17am Jul 27, 2009 9:17am
thats how news can mess around with you if you pay toomuch attention to it.. first damage is missing the entery opportunity bcz news is up coming.. second to be decieved too early by its unlogicall technical move..

best is to do what you do.. only sit out the 3majors.. thats it.
I am on way to get 30 more minimum..
  • #3,011
  • Jul 27, 2009 9:24am Jul 27, 2009 9:24am
Quoting anthony500
fxachilies are you still in your short trade?

got out of my previous trade but now short again with sl in the blue box for 1 % of my account...let's see ..
yes I am.. i took this one on my DB account for 50lot large.. I do not show charts on that account.. I will ride this one to death..
  • #3,012
  • Jul 27, 2009 9:27am Jul 27, 2009 9:27am
Quoting fxachilies
yes I am.. i took this one on my DB account for 50lot large.. I do not show charts on that account.. I will ride this one to death..
lol cool !
moved my sl lower now blue box above entry ... thinking of getting out but I guess I should wait right ? nothing to lose
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  • #3,013
  • Jul 27, 2009 9:30am Jul 27, 2009 9:30am
[quote=julias;2905611]Hey Moneda, I remember your posts and you´ve been one of the first poster in this thread I think as well. Do you still practice this methodology and "shoot" like fx and D, who master it very successful ?
Thanks and nice to hear from you....

Julias,

Yes, I still trade this method depending on my schedule and mindset.. Trading styles are fine as long as you stick to some blueprint that helps you evaluate your trading. I tend to pay attention to higher frame support and resistance. Today was a good example of pa respecting the daily resistance at 1.43. If you enter at the bounce you could have the potential for 50+ pips.

Unus pro omnibus, omnes pro uno
  • #3,014
  • Jul 27, 2009 9:32am Jul 27, 2009 9:32am
Quoting anthony500
lol cool !
moved my sl lower now blue box above entry ... thinking of getting out but I guess I should wait right ? nothing to lose

i would.. it looks promissing but more importantly no hiccup of any sort yet.. so ride it like seabiscute.. lol
  • #3,015
  • Jul 27, 2009 9:39am Jul 27, 2009 9:39am
What the hell, my FxPro platform frozen on news time, can't do anything at all ...
the only positive is I didn't have any trades running or pending,
because the support line is unavailable as well, at least at the moment.
  • #3,016
  • Jul 27, 2009 9:53am Jul 27, 2009 9:53am
Quoting fxachilies
i would.. it looks promissing but more importantly no hiccup of any sort yet.. so ride it like seabiscute.. lol
well got out for a profit a 0.7% and that last trade due to the big initial sl, well it was fun and more importantly didn't lose. it's nearly 17h here in switzerland so done for today ! ..
  • #3,017
  • Jul 27, 2009 9:54am Jul 27, 2009 9:54am
Quoting anthony500
fxachilies are you still in your short trade?

got out of my previous trade but now short again with sl in the blue box for 1 % of my account...let's see ..
Hi Anthony,

When you enter a trade with a Stop loss distant from 30 pips (like in this exemple), where do you place your 1st target profit?

Maverick
  • #3,018
  • Jul 27, 2009 10:13am Jul 27, 2009 10:13am
Quoting Maverick3
Hi Anthony,

When you enter a trade with a Stop loss distant from 30 pips (like in this exemple), where do you place your 1st target profit?

Maverick
Hi ,

well I don't really have an initial target (even if I try to aim for a R:R of 1 to 1), I try to lower as much as I can and as quickly as I can my sl following :
the L/H (in case of a downtrend like the last trade) or
if I have 15 pips or plus I put my sl near my entry like fx does

otherwise my tp would be guided by practising expectancy and looking at what the market is doing, and at what speed it is going at

hope it helps..:-)
  • #3,019
  • Edited 11:20am Jul 27, 2009 11:01am | Edited 11:20am
order hit for short: fx are you still loaded with 50 lots ??


....and out with average win 5 pips; maybe I´m too tired now, get some fresh air now ...good trades...
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  • #3,020
  • Jul 27, 2009 11:26am Jul 27, 2009 11:26am
...when I retrospect my chart & trades its obvious, that I missed some very easy and nice pips. So dont be too like me. I´m trying to improve this....practice,practice,practice
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